Understanding your Cash account
Cash is a feature in Phantom that lets you hold, send, receive, spend, and withdraw money using CASH, a USD-pegged stablecoin.
What is a Cash account? #
Your Cash account is a separate Solana wallet that's tied to your Phantom profile. It appears alongside your other accounts in Phantom. The Cash account is designed to hold CASH, a USD-pegged stablecoin, and it shows your balance in USD.
Your Phantom profile (the same identity that powers your Phantom username) is linked to both your regular Phantom accounts and your separate Cash account.
In the Phantom mobile app, you can find your Cash account in the Cash section directly on the Home tab.
Swaps and peer-to-peer transfers with Cash happen instantly without transaction prompts. If you're in the US (except NY), you can also link a bank account for deposits and withdrawals, and spend your balance with the Phantom debit card.
Key features #
- Spend your balance anywhere Visa is accepted, including Apple Pay and Google Pay.
- Receive bank transfers and domestic wires using your routing and account numbers.
- Add funds via Apple Pay/Google Pay, debit card, or bank account.
- Swap Solana tokens into CASH in your Cash account.
- Use CASH in DeFi apps such as Kamino for earning yield.
- Transfer CASH instantly to other Phantom users.
- Withdraw USD directly to a US bank account.
Partners #
Cash connects to traditional finance (offchain) through the following partners:
- Link handles identity verification (KYC) for Cash.
- Stripe handles funding via linked US bank accounts, debit cards, or Apple Pay.
- Bridge powers the Phantom debit card and US bank deposits and withdrawals.
- Lead Bank issues the prepaid Phantom debit card, with Bridge as the program manager.
- Galileo supports card transaction processing and the debit card dispute process.
Your CASH is always held onchain.
How it works #
Funding #
You can add funds to your Cash account by swapping tokens on Solana into CASH. If you're in the US (except NY), other options include funding with your linked bank account, debit or credit cards, Apple Pay, or bank transfers and domestic wires. If you're outside the US, add funds using third-party providers such as MoonPay, Banxa, or Topper. See Add money to Phantom for details.
Sending and withdrawing #
You can send funds from your Cash account to other Phantom users and Solana wallets, or to your own accounts in Phantom. If you're in the US (except NY), send USD to someone else's US bank account or withdraw to your own, at a 1:1 rate. See Send money from your Cash account and Withdraw money from your Cash account directly to a US bank for details.
Spending #
If you're in the US (except NY), the Phantom debit card lets you spend your Cash balance anywhere Visa, Apple Pay, or Google Pay are accepted. See Use your virtual Phantom debit card (United States) for details.
Swapping #
You can convert tokens on Solana in your portfolio into CASH in your Cash account, or swap out of your Cash account balance into other tokens on Solana. See Swap crypto with your Cash account for details.
Privacy #
KYC #
Identity verification for Cash is handled by Link, our trusted KYC partner. Phantom does not store your identity documents or link your wallets to your real-world identity. Your identity is not linked to your non-Cash wallet addresses.
Bank deposits and withdrawals #
What appears onchain: transfers between your Cash account and Bridge's wallet. The bank destination and purpose of the transfer are not visible onchain. Bridge rotates the addresses it uses.
Card payments #
What appears onchain: transfers from your Cash account to Bridge's debit card smart contract. Merchant names, items, and receipts are not visible onchain. Bridge rotates the addresses it uses.
Onchain sends #
Peer-to-peer transfers to other Phantom users and sends to Solana wallets are regular blockchain transactions. Amounts and wallet addresses appear on Solana.
Security #
Your Cash account is built around the following security principles:
- Self-custodial: Your Cash account is a Solana wallet that only you control.
- Always onchain: Balances are held on Solana in CASH, never as fiat in offchain accounts.
- Partner protections: Bridge manages USD-to-CASH conversions for bank transactions. The Phantom debit card is issued by Lead Bank with Bridge as the program manager. Galileo handles transaction disputes with the Phantom debit card.
Feature availability #
| Category | Onchain (worldwide) | Offchain (US only, except NY) |
|---|---|---|
| Funding | Swap tokens on Solana into CASH | Stripe (bank account, debit card, Apple Pay/Google Pay), Bridge (bank transfer, domestic wire)* |
| Sending | Send to Phantom usernames or Solana wallets | Bridge (ACH to US bank accounts)* |
| Spending | Phantom debit card (Apple Pay/Google Pay)** | |
| Swapping | Swap in and out of the Cash account | |
| Withdrawing | Withdraw to your Phantom wallet | Bridge (ACH to US bank accounts)* |
*Requires KYC. Not available in NY.
**Phantom debit card becomes available after KYC and card activation in the app.
See Feature availability by region for more details.
The Prepaid Debit Visa Card is issued by Lead Bank pursuant to licensing by Visa U.S.A. Inc. and may be used everywhere Visa is accepted. Must be 18 or older to apply. Fees may apply. See Cardholder Agreement and Phantom's website for details. Bridge Ventures LLC is the program manager for the card on behalf of Lead Bank. Phantom is the platform provider for application, access, and management of the card. Cash availability varies by jurisdiction. See Feature availability by region.